HB3340 - 104th General Assembly

PROP TX-REDUCTION PILOT PRG
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Thaddeus Jones
Statutes Amended In Order of Appearance
35 ILCS 200/Art. 18 Div 5.2 heading new
35 ILCS 200/18-249.10 new
Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxable years 2026 through 2031, the total property tax liability for any parcel of residential property in Bloom, Rich, Bremen, Thornton, or Calumet township for any of those taxable years shall be limited to the lesser of (i) the actual property tax liability for the property or (ii) $5,000.
Actions
Date Chamber Action
2/07/2025 House Filed with the Clerk by Rep. Thaddeus Jones
2/18/2025 House First Reading
2/18/2025 House Referred to Rules Committee
3/11/2025 House Assigned to Revenue & Finance Committee
3/13/2025 House To Tax Policy: Other Taxes Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee